15 World's Largest Automotive Parts Corporations

 

15 World's Largest Automotive Parts Corporations- According to an annual report in 2024, there are 15 World's Largest Automotive Parts Corporations in 2024. Basically, these spare parts corporations manufacture and sell many spare parts to many regions and have billions of total revenue and net income.

Commonly, many people who have vehicles also deal with the many spare parts products to optimize their vehicle performance. Every year or month, along with the usage time, many vehicles sometimes have broken spare parts, or outdated components and it must be replaced with new parts.

Many Companies in the world still produce and sold many auto parts due to the needs of vehicle/ car repairment from time to time. But, few of the Companies have led the world’s spare parts market. Here is the list of 15 World's Largest Automotive Parts Corporations in 2024. All the data were obtained from the Annual Report of 2024.

 

The Rank of 15 World's Largest Automotive Parts Corporations in 2024 Based on Total Assets

 

Rank	Name of Automotive Parts Corporations	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		(in Origin Currency)	(in US Dollar (USD))	(in Origin Currency)	(in US Dollar (USD))
1	Bosch	EUR 112.7 billion	USD 125 billion	EUR 62.8 billion	USD 69.7 billion
2	CATL	USD 113 billion	USD 113 billion	USD 70.3 billion	USD 70.3 billion
3	Denso	JPY 8,125 billion	USD 55 billion	JPY 2,936 billion	USD 19.9 billion
4	Weichai Power	RMB 343 billion	USD 48 billion	RMB 221.9 billion	USD 31 billion
5	ZF Friedrichshafen	EUR 39.3 billion	USD 43.6 billion	EUR 31.7 billion	USD 35.1 billion
6	Michelin	EUR 37.3 billion	USD 41 billion	EUR 18.7 billion	USD 20.57 billion
7	Continental AG	EUR 36.9 billion	USD 40.5 billion	EUR 22.1 billion	USD 24.3 billion
8	Bridgestone	JPY 5,723 billion	USD 40 billion	JPY 1,937 billion	USD 13.5 billion
9	Cummins	USD 31.5 billion	USD 31.5 billion	USD 20.2 billion	USD 20.2 billion
10	Magna	USD 31 billion	USD 31 billion	USD 19 billion	USD 19 billion
11	Aisin	JPY 4,284 billion	USD 29.1 billion	JPY 2,051 billion	USD 13.9 billion
12	Hyundai Mobis	KRW 37,524 billion	USD 27 billion	KRW 8,164 billion	USD 5.8 billion
13	Valeo	EUR 21.6 billion	USD 23.9 billion	EUR 17.8 billion	USD 19.7 billion
14	Goodyear	USD 20.9 billion	USD 20.9 billion	USD 16 billion	USD 16 billion
15	Lear	EUR 14 billion	USD 15.54 billion	EUR 9.37 billion	USD 10.4 billion
16	Pirelli	EUR 13.6 billion	USD 14.96 billion	EUR 7.7 billion	USD 8.47 billion
17	Hankook	KRW 15.8 trillion	USD 11.5 billion	KRW 4.6 trillion	USD 3.35 billion
Source: Annual Report, 2024
Origin Currency: Currency officially Used at the Annual Report
US Dollar: Converted Currency from Origin Currency into US Dollar
Currency Rate:
1 Japanese Yen (JPY) = 0.0068 US Dollar (USD)
1 Euro (EUR) = 1.1 US Dollar (USD)
1 Korean Won (KRW)= 0.00072 US Dollar (USD)
1 Taiwan Dollar (TWD) = 0.031 US Dollar (USD)
1 Renminbi (RMB) = 0.14 US Dollar (USD)

 

The data above were composed based on the total assets. In the table above, we described the total assets and total liabilities of the automotive spare parts corporations in 2024. Specifically, the data of total assets and total liabilities were obtained from the balance sheet of the annual report in 2024.

 

The Rank of 15 World's Largest Automotive Parts Corporations in 2024 Based on Net Income

 

Rank	Name of Automotive Parts Corporations	Total Revenue	Total Revenue	Net Income/ Profit	Net Income/ Profit
		(in Origin Currency)	(in US Dollar (USD))	(in Origin Currency)	(in US Dollar (USD))
1	CATL	USD 50.45 billion	USD 50.45 billion	USD 7 billion	USD 7 billion
2	Cummins	USD 34 billion	USD 34 billion	USD 3.94 billion	USD 3.94 billion
3	Michelin	EUR 27.1 billion	USD 29.8 billion	EUR 1.89 billion	USD 2 billion
4	Bridgestone	JPY 4.43 trillion	USD 31 billion	JPY 284 billion	USD 1.98 billion
5	Weichai Power	RMB 215 billion	USD 30.1 billion	RMB 14.2 billion	USD 1.98 billion
6	Hyundai Mobis	KRW 36,604 billion	USD 26.4 billion	KRW 2,594 billion	USD 1.86 billion
7	Bosch	EUR 90.3 billion	USD 100.2 billion	EUR 1.3 billion	USD 1.4 billion
8	Continental AG	EUR 39.7 billion	USD 43.6 billion	EUR 1.16 billion	USD 1.27 billion
9	Hankook	KRW 9.4 trillion	USD 6.84 billion	KRW 1.76 trillion	USD 1.2 billion
10	Magna	USD 42.8 billion	USD 42.8 billion	USD 1 billion	USD 1 billion
11	Aisin	JPY 4,896 billion	USD 33.3 billion	JPY 107 billion	USD 0.73 billion
12	Lear	EUR 23.3 billion	USD 25.8 billion	EUR 0.5 billion	USD 0.55 billion
13	Pirelli	EUR 6.77 billion	USD 7.4 billion	EUR 0.5 billion	USD 0.55 billion
14	Denso	JPY 7,161 billion	USD 5.2 billion	JPY 419 billion	USD 0.3 billion
15	Valeo	EUR 21.49 billion	USD 23.8 billion	EUR 0.162 billion	USD 0.179 billion
16	Goodyear	USD 18.8 billion	USD 18.8 billion	USD 0.070 billion	USD 0.070 billion
17	ZF Friedrichshafen	EUR 41.3 billion	USD 45.8 billion	(EUR -1 billion)	(USD -1.11 billion)
	Source: Annual Report, 2024
	Origin Currency: Currency officially Used at the Annual Report
	US Dollar: Converted Currency from Origin Currency into US Dollar
	Currency Rate:
	1 Japanese Yen (JPY) = 0.0068 US Dollar (USD)
	1 Euro (EUR) = 1.1 US Dollar (USD)
	1 Korean Won (KRW)= 0.00072 US Dollar (USD)
	1 Taiwan Dollar (TWD) = 0.031 US Dollar (USD)
	1 Renminbi (RMB) = 0.14 US Dollar (USD)

 

Besides total assets and total liabilities, we also described the total revenue and net income of automotive spare parts corporations in 2024. The rank is based on net income and all the data of total revenue and net income obtained from Income statements, Annual Report of 2024.

 

The Rank of 15 World’s Largest Automotive Parts Corporations Based on Net Income in 2024

 

The Rank of 15 World’s Largest Automotive Parts Corporations Based on Total Assets in 2024

 

 

Brief Description of 15 World's Largest Automotive Parts Corporations in 2024

 

1. Robert Bosch GmbH

Robert Bosch GmbH, commonly known as Bosch (styled BOSCH), is a German supplier of technology and services. It employs roughly 418,000 associates worldwide as of December 31, 2024. Furthermore, along with business development, Bosch has some branch offices located in some countries, namely Bishan (Singapore), Budapest (Hungary), Cluj (Romania), Guadalajara (Mexico), Ho Chi Minh City (Vietnam), Küçükyalı (Türkiye), and Plymouth (United States).  

Operationally, Robert Bosch GmbH in running its business is divided into four business sectors Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. In mobility sectors specifically in the spare parts and vehicle accessories, Bosch provides some quality products of automotive spare parts including Drive belts and kits, Batteries, Gasoline systems, Braking systems, Diesel systems, Electrical parts, Vehicle lamps, filter, Glow plugs, Climate components, Fuel supply, Steering systems, Windshield wipers, Sensors, Starters and generators, Spark plugs.

Financially, according to its annual report in 2024, Robert Bosch GmbH still became one of the world’s largest automotive spare parts corporations with total assets of around EUR 112.7 billion or equivalent to USD 125 billion with total liabilities of around EUR 62.8 billion or equivalent to USD 69.7 billion. In terms of business performance in 2024, Robert Bosch GmbH successfully gained total revenue of around EUR 90.3 billion or equivalent to USD 100.2 billion with net income of around EUR 1.3 billion or equivalent to USD 1.4 billion.

 

2. Contemporary Amperex Technology (CATL) 

Contemporary Amperex Technology Co., Limited or commonly known as CATL, is a new energy innovative technology company founded in 2011 by Robin Zeng. Operationally, CATL operates thirteen battery manufacturing plants especially in China (Guiyang, Jining, Liyang, Luoyang, Ningde, Nanhui New City, Xiamen, Xining, Yibin, Yichun, Zhaoqing) and some countries in Erfurt (Germany), and Debrecen (Hungary). In the automotive battery industry, CATL is currently used by electric vehicle manufacturers in the overseas market, and CATL collaborates with corporations including BMW, Daimler AG, Hyundai, Honda, LiAuto, NIO, PSA, Tesla, Toyota, Volkswagen, Volvo and XPeng. One of the EV batteries released by CATL is Shenxing, a superfast charging LFP battery, Naxtra sodium-ion batteries, and Freevoy dual-power batteries.

 

Financially, according to the annual report, as one of the world’s largest automotive spare parts corporations, CATL has total assets of around USD 113 billion with total liabilities of around USD 70.3 billion. In terms of business performance in 2024, CATL successfully gained total revenue of around USD 50.45 billion with net income of around USD 7 billion. 

3. Denso Corporation          

DENSO Corporation is a global and one of the world's largest automotive components manufacturers headquartered in the city of Kariya, Aichi Prefecture, Japan and established on December 16th, 1949. Operationally, total global employees of Denso Corporation reached 158,056 people as of December 2024 and as of 2025, Denso Corporation still became the subsidiary company of Toyota Group. As an automotive components manufacturer, DENSO Corporation provides some automotive spare parts including Spark Plug, Oil Filter, Cabin Air Filter, Wiper Blade, Air Filter Element, Starter, Alternator, Compressor, Oxygen Sensor, Fuel Pump, Air Conditioner Service Parts, Collision Parts, Radiator, Condenser, and many more.

Financially, according to its annual report of 2024, Denso Corporation has total assets around JPY 8,125 billion or equivalent to USD 55 billion with total liabilities of around JPY 2,936 billion or equivalent to USD 19.9 billion. In terms of business performance, Denso Corporation successfully gained total revenue of around JPY 7,161 billion or equivalent to USD 5.2 billion with net income of around JPY 419 billion or equivalent to USD 0.3 billion.

 

4. Weichai Power     

Weichai Power Co., Ltd. is a Chinese developer and manufacturer of diesel engines in Weifang, Shandong in the People's Republic of China founded in 2002 by the Weifang Diesel Engine Factory. The core business of the Company covers powertrain systems, commercial vehicles, agricultural equipment, smart logistics and other business segments. In the automotive spare parts industry, Weichai Power Co., Ltd. manufactures and sells some products including Engine, Gearbox, Axle, Hydraulic, and New Energy.

Financially, according to its annual report in 2024, Wichai Power has total assets of around RMB 343 billion or equivalent to USD 48 billion with total liabilities of around RMB 221.9 billion or equivalent to USD 31 billion. In terms of business performance in 2024, Weichai Power successfully gained total revenue of around RMB 215 billion or equivalent to USD 30.1 billion with net income of around RMB 14.2 billion or equivalent to USD 1.98 billion.

 

5. ZF Friedrichshafen         

ZF Friedrichshafen AG, commonly known as ZF Group is a global technology company manufacturing and selling many mobility products and systems for passenger cars, commercial vehicles and industrial technology headquartered in Friedrichshafen, Baden-Württemberg, Germany. Historically, this company was founded on 20 August 1915 and as of 2025, ZF Friedrichshafen AG has total employees of around 161,600 people supporting the operation of 162 production locations in 31 countries. In terms of automotive spare parts business, ZF Friedrichshafen AG provides some products of Transmission systems, steering, axle components, Electronic Systems, Advanced driver-assistance systems (ADAS), Inflatable Restraint Systems/Airbag, Seat Belt Systems, Brake Systems.

Financially, according to its annual report, as one of the world’s largest automotive spare parts corporations in 2025, ZF Friedrichshafen has total assets of around EUR 39.3 billion or equivalent to USD 43.6 billion with total liabilities of around EUR 31.7 billion or equivalent to USD 35.1 billion. In terms of business performance in 2024, ZF Friedrichshafen successfully gained total revenue of around EUR 41.3 billion or equivalent to USD 45.8 billion but unfortunately this company suffered net loss of around EUR -1 billion or equivalent to USD -1.11 billion.

 

6. Michelin    

Michelin is one of the world’s largest automotive spare parts corporations focusing on manufacturing and selling tire products headquartered in Clermont-Ferrand, France. Historically, this company was founded by Édouard Michelin and André Michelin on May 26th, 1889. Along with the business development of the company, Michelin has 83 tire production sites in 26 countries, 45 polymer composite solutions production plants and commercial offices in 170 countries, with total employees around the world reaching 129 thousand people as of December 2024.

Financially in 2024, according to Michelin Group’s annual report, Michelin still had a positive business performance which gained total revenue of EUR 27.1 billion or equivalent to USD 29.8 billion and net income of EUR 1.89 billion or equivalent with USD 2 billion. In terms of financial position, Michelin has total assets of around EUR 37.3 billion or equivalent to USD 41 billion with total liabilities of around EUR 18.7 billion or equivalent to USD 20.57 billion.

 

7. Continental AG    

Historically, Continental was founded in Hanover in 1871 as the stock corporation “Continental-Caoutchouc- und Gutta-Percha Compagnie”. Operationally, this company has a main factory in Hannover, Lower Saxony which makes some tire products including soft rubber products, rubberized fabrics, and solid tires for carriages and bicycles. Furthermore, in terms of workforce, Continental has employed around 200,000 people located in 56 countries and markets.

As of 2024, Continental is one of the top 5 automotive suppliers worldwide and operates numerous tire manufacturing facilities with a strong market presence in Europe, North America, and Asia. Along with the development of the company's business, these corporations have some products of tires. Some of the brand tires of continental are Uniroyal, Semperit, Barum, General Tire, Viking, Gislaved, Mabor, Matador and Sportiva brands. Besides producing tires, Continental also manufactures and sells some automotive spare parts including Windscreen and headlamp cleaning systems, Windshield wipers, Thermostats, Air suspension, Actuators and motors, Air Spring Replacement, Batteries, Belt Drive Components, Blower and fan systems, Brakes, Common rail diesel systems, Fuel systems, Sensors, Tire Pressure Monitoring Systems (TPMS), Turbochargers.

Financially, according to Continental’s annual report in 2024, Continental was the Automotive spare parts company which has total assets of EUR 36.9 billion or equivalent to USD 40.5 billion with total liabilities of around EUR 22.1 billion or equivalent to USD 24.3 billion. Based on the business performance in 2024, Continental successfully generated total revenue of EUR 39.7 billion or equivalent to USD 43.6 billion and successfully gained performance with net income of EUR 1.16 billion or equivalent with USD 1.27 billion.

 

8. Bridgestone           

Bridgestone Corporation is one of the world’s biggest automotive spare parts focusing on manufacturing and selling tires. Historically, Bridgestone was founded by Shojiro Ishibashi in 1931 with the name of Bridgestone Tire Co in the city of Kurume, Fukuoka Prefecture, Japan. Along with the development of the company, this company has 130 manufacturing plants and R&D Facilities spreading out the nations and has produced many tire products including passenger car tires, truck and bus tires, specialties tires (off-the-road mining and construction vehicle, aircraft, agricultural machinery, motorcycle). With employees of more than 121 thousand people, this company still moves forward with innovative products. Operationally, based on the product, this company markets some tire products with distinct brands, namely Ecopia, Turanza, Potenza, Dueler, Blizzak, Battlax and other tire brands.

 

Financially, in 2024, based on Bridgestone's annual report, Bridgestone successfully generated total revenue of JPY 4.43 trillion or equivalent to USD 31 billion and successfully gained positive net income reaching JPY 284 billion or equivalent to USD 1.98 billion. In terms of financial position from the balance sheet of the annual report in 2024, total assets of Bridgestone reached JPY 5,723 billion or equivalent to USD 40 billion with total liabilities of around JPY 1,937 billion or equivalent to USD 13.5 billion.

 

9. Cummins   

Cummins Inc. is an American multinational corporation that designs, manufactures, and distributes diesel engines, electric vehicle components, and power generation products. Historically, this company was founded by Clessie Lyle Cummins and William Glanton Irwin in 1919 and still has its headquarters in Cummins Corporate Office Building, Columbus, Indiana, U.S. In Automotive spare parts industries, Cummins manufactures and sells many automotive engines for some vehicles including heavy and medium-duty trucks, buses, recreational vehicles (RV), light-duty automotive, and several industrial uses, including construction, mining, marine, oil, gas, railroad, and military equipment.

Financially, according to its annual report, Cummins has total assets of around USD 31.5 billion with total liabilities of around USD 20.2 billion. In terms of business performance in 2024, Cummins successfully gained total revenue of around USD 34 billion with net income of around USD 3.94 billion.

 

10. Magna International

Magna International Inc. is a Canadian Automotive parts company. Historically, Magna International was founded in 1957 by Frank Stronach and along with business development, Magna International has a total employee of around 170,000 with 341 manufacturing operations and 106 product development, engineering and sales centers spanning 28 countries. In terms of automotive spare parts products, Magna International manufactures and sells some automotive parts including Body& Chassis (Battery Enclosures, Body-in-White Solutions, Chassis Systems), Electrical / Electronic (ADAS & Automated Driving and Control Modules), Exterior /Interior (Assist Steps, Engineered Glass, Exterior Solutions, Greenhouse Surrounds, Lighting, Mechatronics, Mirrors, Seating), Powertrain (BEV Powertrain, Hybrid Powertrain, ICE Powertrain, Modules and Components, Energy Storage Systems).

Financially, according to Magna International’s annual report, Total Assets of Magna International reached USD 31 billion with total liabilities of around USD 19 billion. In terms of business performance in 2024, Magna International successfully generated total revenue of around USD 42.8 billion with net income of around USD 1 billion.

 

 11. Aisin Corporation         

Aisin Corporation is a Japanese Automotive spare company which was Founded 1965 with the merger of two corporations, namely Aichi Kogyo Co., Ltd. and Shinkawa Kogyo Co., Ltd. Furthermore, this foundation of Aisin Corporation is the initiative of Kiichiro Toyoda (The founder of Toyota). As of 2025, the majority shareholders of Aisin Corporation are Toyota Motor Corporation (24.8%) and Toyota Industries (7.68%). In terms of automotive spare parts, Aisin Corporation produces some automotive spare parts products including Powertrain (eAxle, Hybrid Transmission, AT, CVT, MT, Thermal Management-Related Products (for Electric Vehicles), Fuel Cell Electric Vehicle-Related Products, Engine-Related Products), Chassis and Vehicle Safety Systems (Parking and Driving Assistance Systems, Brakes (for Electric Vehicles), Brakes (for Engine Vehicles), Steering, etc), Body (Doors and Roofs, Aerodynamic Devices, Battery Frame Parts, Seat-Related Products, Cabin Monitoring, Other Products), and LBS (MaaS, Car Navigation-Related Products).

Financially, according to Aisin Corporation Annual Report in 2024, This company has total assets of around JPY 4,284 billion or equivalent to USD 29.1 billion with total liabilities of around JPY 2,051 billion or equivalent to USD 13.9 billion. In terms of business performance in 2024, Aisin Corporation has total revenue of around JPY 4,896 billion or equivalent to USD 33.3 billion and net income of around JPY 107 billion or equivalent to USD 0.73 billion.

 

12. Hyundai Mobis  

 

Established in 1977, Hyundai Mobis still became one of the world's largest automotive spare parts corporations with headquarters in Seoul, South Korea. Along with business development, Hyundai Mobis has a total global workforce of 32,600 with R&D personnel of 7,300 people. Furthermore, Hyundai Mobis has 44 Production sites and 5 R&D sites located in Korea, US, Germany, China, India. In terms of the automotive parts business, Hyundai Mobis produces some automotive parts including autonomous driving, connectivity, and electrification products. 

Financially, according to the annual report of 2024, Hyundai Mobis has total assets of around KRW 37,524 billion or equivalent to USD 27 billion with total liabilities of around KRW 8,164 billion or equivalent to USD 5.8 billion. In terms of business performance in 2024, Hyundai Mobis has total revenue of KRW 36,604 billion or equivalent to USD 26.4 billion with net income of around KRW 2,594 billion or equivalent to USD 1.86 billion.

  

13. Valeo       

Valeo is a French global automotive supplier headquartered in France in 1923. As of December 2024, Valeo has 106,100 employees with 155 production sites and 64 R&D centers located in 28 countries. In terms of automotive spare parts industry, Valero manufactures and sells many parts products including conventional powertrain, powertrain electrification, thermal management, body, and chassis, ADAS, E/E architecture & connectivity.

Financially, in 2024, according to Valeo’s Annual report, Valeo has total assets of around EUR 21.6 billion or equivalent to USD 23.9 billion with total liabilities of around EUR 17.8 billion or equivalent to USD 19.7 billion. In terms of business performance in 2024, Valeo successfully generated total revenue of around EUR 21.49 billion or equivalent to USD 23.8 billion with net income of around EUR 0.162 billion or equivalent to USD 0.179 billion.

 

14. Goodyear

The Goodyear Tire & Rubber Company is an American-based Tire company. Historically, this company was founded on August 29th, 1898, by Frank Seiberling. The name comes from Charles Goodyear, the creator of vulcanized rubber. Today, this company still has a central office in Akron, Ohio, United States of America (USA). Currently, as of 2024, Goodyear company has employed approximately 68,000 full-time and temporary associates worldwide. Along with the business development of the company, Goodyear has several brands of tires. These brands include Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon and Remington brands and various “house” brands. Furthermore, Goodyear also owned the selling rights of the Dunlop brand in Europe, North America, and Oceania.

Financially, according to its annual report in 2024, Goodyear successfully generated total revenue of USD 18.8 billion and successfully gained net income of USD 0.070 billion. In terms of financial position, Goodyear in the year 2024 has total assets of around USD 20.9 billion and total liabilities of around USD 16 billion. 

15. Lear Corporation

Lear Corporation is a global automotive leader in Seating and E-Systems, enabling superior in-vehicle experiences for consumers around the world. Along with business development, Lear Corporation has 255 manufacturing, engineering, and administrative locations in 37 countries. Specifically, Lear Corporation manufactures and sells some automotive parts including seat systems, key seat components, complete electrical distribution and connection systems, high-voltage power distribution products, including battery disconnect units ("BDUs"), low-voltage power distribution products, and electronic controllers.

Financially, according to its annual report of 2024, Lear corporation has total assets of around EUR 14 billion or equivalent to USD 15.54 billion with total liabilities of around EUR 9.37 billion or equivalent to USD 10.4 billion. In terms of business performance in 2024, Lear Corporation successfully gained total revenue of around EUR 23.3 billion or equivalent to USD 25.8 billion with net income of around EUR 0.5 billion or equivalent to USD 0.55 billion.

 

16. Pirelli      

Pirelli & C. S.p.A.is one of the world’s biggest automotive parts corporations focusing on tire manufacturers based in Milan, Italy. Historically, this company was founded by Giovanni Battista Pirelli in 1872. Along with the development of the company, Pirelli has around 18 production plants in 12 Countries, a commercial presence in over 160 countries, and employs about 31,100 people. Today, structurally, based on ownership, ChemChina still has the highest proportion of share with 37% share ownership, Investitori istituzionali italiani with 29.7% share and Marco Tronchetti Provera with 22 % share.

Financially, in 2024, Pirelli successfully generated total revenue of EUR 6.77 billion or equivalent to USD 7.4 billion and net income of EUR 0.5 billion or equivalent to USD 0.55 billion. In terms of financial position, Pirelli has total assets of around EUR 13.6 billion or equivalent to USD 14.96 billion and total liabilities of around EUR 7.7 billion or equivalent to USD 8.47 billion.

 

17. Hankook Tire & Technology Group

Hankook Tire & Technology Group is a South Korean automotive spare part company focusing on tire manufacturers headquartered in Seoul. Historically, this company was founded by Jae Hun Chung in 1941. Today, along with the development of the company, Hankook has 5 regional headquarters or divisions, 5 R&D Centers, 30 sales subsidiaries & offices, 8 production facilities in Korea (2), China (3), USA, Hungary, and Indonesia. Globally, the total employee of a company reaches 20 thousand people. As of 2024, Hankook Tire & Technology produces 100 million high-quality tires per annum and is distributed to 160 countries throughout the world. In addition, this company employs over 20,000 people. In the tire industry, Hankook produced some different tires with different sub-brands, including iON (dedicated EV tires), Ventus (premium tires), Dynapro (SUV tires), Kinergy (comfort tires), Vantra (van tires), Winter i*cept (winter tires), and Smart (truck and bus tires).

Financially, according to its annual report in 2024, Hankook successfully generated total revenue of KRW 9.4 trillion or equivalent to USD 6.84 billion and net income reaching KRW 1.76 trillion or equivalent to USD 1.2 billion. Furthermore, related to financial position, total assets of Hankook Tire reached KRW 15.8 trillion or equivalent to USD 11.5 billion and total liabilities of around KRW 4.6 trillion or equivalent to USD 3.35 billion.    

  

Bibliography of 15 World's Largest Automotive Parts Corporations in 2024

 

Bosch. 2025. Annual Report 2024. Accessed via https://www.bosch.com/company/annual-report/ on August 14th, 2025.

CATL. 2025. Annual Report 2024. Accessed via https://www.catl.com/en/inverelations/  on August 14th, 2025.

Denso. 2025. Annual Report 2024. Accessed via https://www.denso.com/global/home/about-us/investors/annual-report/ on August 14th, 2025.

Weichai Power. 2025. Annual Report 2024. Accessed via https://en.weichaipower.com/investor_relations/ on August 14th, 2025.

ZF Friedrichshafen. 2025. Annual Report 2024. Accessed via https://www.zf.com/mobile/en/company/investor_relations/financial_reports/financial_reports_cp.html   on August 14th, 2025.

Michelin. 2025. Annual Report 2024. Accessed via https://www.michelin.com/en/investors/presentation-events/results-sales   on August 14th, 2025.

Continental AG. 2025. Annual Report 2024. Accessed via https://www.continental.com/en/investors/reports-presentations/   on August 14th, 2025.

 

Bridgestone. 2025. Annual Report 2024. Accessed via https://www.bridgestone.com/ir/library/integrated_report/  on August 14th, 2025.

Cummins. 2025. Annual Report 2024. Accessed via https://investor.cummins.com/sec-filings/annual-reports   on August 14th, 2025.

Magna International. 2025. Annual Report 2024. Accessed via https://www.magna.com/company/investors/financial-reports-public-filings/annual-reports   on August 14th, 2025.

Aisin. 2025. Annual Report 2024. Accessed via https://www.aisin.com/en/sustainability/report/  on August 14th, 2025.

Hyundai Mobis. 2025. Annual Report 2024. Accessed via https://www.mobis.com/en/ir/ircop.do#ircop on August 14th, 2025.

Valeo. 2025. Annual Report 2024. Accessed via https://www.valeo.com/en/results-and-presentations/ on August 14th, 2025.

Goodyear. 2025. Annual Report 2024. Accessed via https://corporate.goodyear.com/us/en/investors/reports-and-filings/annual-reports.html   on August 14th, 2025.

 Lear. 2025. Annual Report 2024. Accessed via https://ir.lear.com/ on August 14th, 2025.

Pirelli. 2025. Annual Report 2024. Accessed via https://corporate.pirelli.com/corporate/en-ww/investors/financial-publications/financial-reports on August 14th, 2025.

Hankook. 2025. Annual Report 2024. Accessed via https://www.hankooktire.com/global/en/investors/financial-reports/annual-reports.html on August 14th, 2025.

 

 

 

 

 

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